Shares, oil slide as China virus fears intensify; Yen, Treasuries in demand

By Administrator_India Capital Sands Stocks tumbled on Monday as investors grew increasingly anxious about the economic impact of China’s spreading virus outbreak, with demand spiking for safe-haven assets such as the Japanese yen and Treasury notes. Japan’s Nikkei average suffered a steep 1.8% loss, on track for the biggest one-day fall in three weeks. U.S. S&P […]

Exclusive: India faces first fall in direct taxes in at least two decades – sources

By Administrator_India, Capital Sands India’s corporate and income tax collection for the current year is likely to fall for the first time in at least two decades, over half a dozen senior tax officials told Reuters, amid a sharp fall in economic growth and cut in corporate tax rates. Prime Minister Narendra Modi’s government was […]

Will Modi remain the Shah of Indian politics in 2020?

By Administrator_India Capital Sands   The political discourse and direction of India in 2019 were determined and dictated by two individuals-Prime Minister Narendra Modi and Union home minister Amit Shah, who also happens to be the president of BJP, the party in power at the Centre and in 15 states across the country. From Kargil […]

Yen firm over China virus concern; Aussie jumps on jobs data

By Administrator_ India Capital Sands   The safe-haven Japanese yen was firm and the Chinese yuan fragile on Thursday as traders kept a wary eye on the spread of a virus in China, while the ailing Australian dollar jumped after a surprise drop in unemployment. Deaths from the flu-like coronavirus, rose to 17 on Wednesday. A […]

Stocks – S&P Falls as U.S Coronavirus Scare Sours Sentiment

By Administrator, Capital Sands The S&P ended in the red Tuesday as selling hit Wall Street following news that the deadly coronavirus had reached the U.S. The S&P 500 lost 0.27%, while the Nasdaq Composite fell 0.19% and the Dow Jones Industrial Average lost 0.52%. The U.S. Centers for Disease Control and Prevention announced the first case of the coronavirus in […]

New Indian law to protect foreign investors to exclude tax demands – documents

By Ritu, Capital Sands New legislation will improve protection for foreign investors in India by offering relief from possible policy changes but will uphold the state’s right to tax them, according to its draft and government documents seen by Reuters. The bill also attempts to upgrade India’s investment climate and boost foreign investment by setting […]

GBP/USD: Probes five-week-old falling trendline near 1.3080

By Ritu, Capital Sands   GBP/USD stays positive around a one-week high while taking the bids to 1.3080 during the Asian session on Friday. The pair confronts a short-term key resistance trend line following its U-turn from a multi-month-old rising support line. The GBP/USD pair is holding on to daily gains around 1.3070, positive in […]

Asian Stocks Rise as U.S.-China Signs Phase One Trade Deal

By Ritu, Capital Sands Asian stock markets traded mostly higher on Thursday in Asia as investors cheered the signing of the phase one U.S.-China trade deal. China’s Shenzhen Composite rose 0.2%, while the Shanghai Composite slipped 0.1%. Hong Kong’s Hang Seng Index climbed 0.4%. Overnight, officials from the U.S. and China signed the phase one trade agreement, putting their […]

Michael Patra appointed deputy governor of RBI for a three-year term

By Ritu, Capital Sands Michael Debabrata Patra, 59, has been appointed the Reserve Bank of India (RBI) deputy governor for three years. The post fell vacant after Viral Acharya resigned on July 23 last year. Patra, as executive director of the central bank, was the principal advisor to the Monetary Policy Department since July 2012. […]